#2 Pear-Shaped: How the darling of digital therapeutics raised $400m and then went bankrupt.

Hi friends,

There’s one question that’s been on my mind for over a year now.

What the hell happened to Pear Therapeutics?

They were once the darling of the mental health startup world before going out in a ball of flames. But why??

This week, I finally got an answer to it and wrote 2,500 words explaining everything I learned… It’s a lot, I know, but I promise you it’s worth it.

The good news is I had a bunch of fun doing it too. Looks like deciding to write The Hemingway Report was a good idea after all and I hope you enjoy reading it as much as I enjoyed writing it.

Before we dive into this week’s content…I’d love to hear what you think of The Hemingway Report.

So please reply to this email with your thoughts. The reason I write it is to be helpful to people like you, so please tell me what you enjoy and what you’d like more of. It would be incredibly helpful.This week in The Hemingway Report:

• Pear-Shaped: How Pear Therapeutics went bankrupt after raising $400m (and what we can learn from them)

• Limbic AI: the London based company using AI to deliver blended care

• Profitability (finally): Talkspace reaches profitability after shifting focus to B2B model

• Jobs: open positions at the top mental health businesses

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